Disappointing Chilean Wine Harvest 2023 (for wine growers)
(Very) Low prices for grapes grown for wine and an early harvest will be the keynote of this 2023 vintage, still in evolution, for a large part of the more than 130,000 planted hectares. Due to the lack of post-Covid reactivation in many countries, mainly China and Europe, high world stocks of wine have accumulated. This has led to Chile’s most extensive wine inventory since it was recorded with 1,400 MM litres (88% with D.O.) (Appellation of Origen or D.O. ODEPA, Wines of Chile). On the other hand, extremely…
Chile’s breadbasket Angol moves to the country’s new fruit-growing region
According to the Chilean Office for Agricultural Politics and Studies (ODEPA), in the last 20 years, the planted area with fruit trees in Chile has increased at an average annual rate of 3.2% between 1999 and 2019, from 182,000 hectares to more than 340,000 hectares. All regions have registered an increase in their surface, highlighting increases in cherry (13.2%), walnuts (9.3%), hazelnuts (39.8%), olives (11.4%) and blueberries (23.8%). Thanks to these growths, among other crops, Chile has been an agro-exporting…
Horticultural Opportunities in Latin America
In Latin America, between forests, high mountains, mountain ranges and deserts, arable farmland is not necessarily abundant, particularly when adding pressure from urban growth and a lack of water in many agricultural regions. The problem of land scarcity lies in its distribution, sustainability, and climate change, which will require better management of irrigation, logistic chains, and food storage, such as applied technology, so that productivity and yields per hectare do not drop. Therefore, it is possible…
Some horticultural investment options by GCA Ltda in Peru.
Here we have listed various permanent crop options currently available in Peru’s horticulture heartland suitable for foreign investment. The opportunities we have seen as GCA Ltda in the last months in Peru are summarized in the following table. These investment opportunities are mostly in the counter-season export-orientated fruit sector, all with strong product demand and growth potential. Codes Region Main Business Related Ha (*) Opportunity PERNAVO001 North Avocados 500 Partnership,…
More Foreign horticultural investment moves to Peru
Unfortunately, as climate change and a severe +10-year drought have limited agricultural growth in the Chilean northern regions (like Peru growing conditions), farm investments have moved further south, where irrigation infrastructure and larger reservoirs secure permanent crop irrigation. In all, this reality has generated value appreciations of 30%, 60% and up to 100% in just a few years, and a substantial migration of Chilean fruit growers and investors to Peru. Farmland values depend, in the end, on the…
